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Asian Indices Hold Support on Dovish Fed Remarks: Hang Seng, Kospi, Topix Setups
Asian Indices Hold Support on Dovish Fed Remarks: Hang Seng, Kospi, Topix Setups
Mar 13, 2024
HANG SENG, KOSPI, TOPIX – Price Action:The Hang Seng Index, Kospi, and Topix have rebounded from key support despite the latest escalation in geopolitical tensions.Hang Seng has some tough hurdles to clear before the weak outlook changes.What is the outlook and the key levels to watch in select Asian indices?- Elevate your trading skills and gain a competitive edge. Get...
British Pound Outlook & Market Sentiment – GBP/USD, GBP/JPY, EUR/GBP
British Pound Outlook & Market Sentiment – GBP/USD, GBP/JPY, EUR/GBP
Mar 14, 2024
BRITISH POUND FORECAST – GBP/USD, GBP/JPY, EUR/GBP Retail positioning on GBP/USD continues to lean on the bearish sideIG data also reveals a surprising dose of pessimism around GBP/JPYMeanwhile, nearly 70% of retail traders are net-long on EUR/GBPMost Read: Gold Price Coils Further, Silver Hits a Multi-Week High While most traders follow the herd, contrarian sentiment indicators offer a path less...
Japanese Yen Slips A Little, But BoJ Policy Hopes Still Lend Support
Japanese Yen Slips A Little, But BoJ Policy Hopes Still Lend Support
Mar 14, 2024
Japanese Yen (USD/JPY) Price and Charts USD/JPY ticks up againHowever it remains close to two months lowsNext week’s BoJ policy meet could provide some unusual excitementLearn how to trade USD/JPY with our free guide Recommended by David Cottle How to Trade USD/JPY The Japanese Yen drifted lower against the United States Dollar on Thursday but remains close to two-month highs...
Gold Price Coils Further, Silver Hits a Multi
Gold Price Coils Further, Silver Hits a Multi
Mar 14, 2024
Gold Price Coils Further, Silver Hits a Multi-Week High Gold is seemingly putting together a bullish pennant on the daily chart, while silver looks to push further ahead after Wednesday’s break of resistance. Gold (XAU/USD) Price Analysis and Chart Gold trading on either side of $2,165/oz. but a break may be near.Silver prints a fresh three-month high.Most Read: Euro Slides...
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Sector Update: Financial
Sector Update: Financial
May 2, 2024
01:37 PM EDT, 05/02/2024 (MT Newswires) -- Financial stocks advanced in Thursday afternoon trading with the NYSE Financial Index rising 0.6% and the Financial Select Sector SPDR Fund (XLF) up 0.1%. The Philadelphia Housing Index climbed 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) added 1.1%. Bitcoin (BTC-USD) rose 1.5% to $59,137, and the yield for 10-year US...
US STOCKS-Wall Street gains on Fed's dovish signals
US STOCKS-Wall Street gains on Fed's dovish signals
May 2, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Qualcomm ( QCOM ) gains on upbeat Q3 forecast * DoorDash ( DASH ) slides after dour Q2 core profit forecast * Indexes up: Dow 0.48%, S&P 0.46%, Nasdaq 0.85% (Updated at 11:51 a.m. ET/1551 GMT) By Shristi Achar...
Sector Update: Energy
Sector Update: Energy
May 2, 2024
01:34 PM EDT, 05/02/2024 (MT Newswires) -- Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index up 1.1% and the Energy Select Sector SPDR Fund (XLE) rising 0.9%. The Philadelphia Oil Service Sector index was posting a 1.8% increase, and the Dow Jones US Utilities index was fractionally higher. Front-month West Texas Intermediate crude oil was rising...
Sector Update: Tech
Sector Update: Tech
May 2, 2024
01:35 PM EDT, 05/02/2024 (MT Newswires) -- Tech stocks were gaining Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) and the SPDR S&P Semiconductor ETF (XSD) each adding 1.1%. The Philadelphia Semiconductor index climbed 1.6%. In corporate news, Qualcomm ( QCOM ) fiscal Q2 results grew more than expected as the chip supplier reported a third consecutive quarter...
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